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Kinross announces BCGold share subscription

Toronto, Ontario, April 30, 2008

-- Kinross Gold Corporation (“Kinross”) announced

today that it has subscribed for 3,000,000 common shares of BCGold Corp. (“BCGold”)

pursuant to a non-brokered private placement. After giving effect to the private placement,

Kinross will hold approximately 12.8% of the issued and outstanding common shares. The

subscription price for the common shares is CAD $0.35 per common share for an aggregate

purchase price of CAD $1,050,000. The private placement is subject to approval by the TSX

Venture Exchange.

The common shares issued to Kinross will be pooled with an escrow agent and released in

four equal allotments on a quarterly basis, commencing 15 months from the date of issue.

A 6% cash finder’s fee is payable to an independent financial management and investment

advisory company.

Kinross will have the right to participate in future financings of BCGold to maintain its then

equity interest in BCGold at up to 10%, subject to approval by the TSX Venture Exchange

and subject to maintaining a minimum 5% equity interest in BCGold.

The investment in BCGold is part of Kinross’ strategy to increase its exposure to quality

exploration opportunities by investing in junior resource companies.

BCGold has its head office at Suite 1400 – 625 Howe Street, Vancouver, British Columbia

V6C 2T6 and is listed on the TSX Venture Exchange.

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Media Contact:

Steve Mitchell

Director, Corporate Communications

(416) 365-2726

Investor Relations:

Erwyn Naidoo

Vice President, Investor Relations

(416) 365-2744

Cautionary Statement on Forward-Looking Information

All statements, other than statements of historical fact, contained or incorporated by reference in this news release, including any

information as to the future performance of Kinross, constitute “forward-looking statements” within the meaning of applicable

securities laws, including the provisions of the Securities Act (Ontario) and the provisions for “safe harbour” under the United States

Private Securities Litigation Reform Act of 1995 and are based on expectations, estimates and projections as of the date of this

news release. Forward-looking statements include, without limitation, possible events, statements with respect to possible events,

the future price of gold and silver, the estimation of mineral reserves and resources and the realization of such estimates, the

timing, amount and costs of estimated future production, expected capital expenditures, development and mining activities,

permitting time lines, currency fluctuations, requirements for additional capital, government regulation, environmental risks,

unanticipated reclamation expenses, title disputes or claims. The words “plans,” “expects,” or “does not expect,” “is expected,”

“budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates,” or “does not anticipate,” or “believes,” or variations of such

KINROSS GOLD CORPORATION



words and phrases or statements that certain actions, events or results “may,” “could,” “would,” “might,” or “will be taken,” “occur”

or “be achieved” and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based

upon a number of estimates and assumptions that, while considered reasonable by Kinross as of the date of such statements, are

inherently subject to significant business, economic and competitive uncertainties and contingencies. Many of these uncertainties

and contingencies can affect, and could cause, Kinross’ actual results to differ materially from those expressed or implied in any

forward-looking statements made by, or on behalf of, Kinross. There can be no assurance that forward-looking statements will

prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. All of the

forward-looking statements made in this news release are qualified by these cautionary statements, and those made in the “Risk

Factors” section of our most recently filed Annual Information Form and our other filings with the securities regulators of Canada

and the U.S. These factors are not intended to represent a complete list of the factors that could affect Kinross. Kinross disclaims

any intention or obligation to update or revise any forward-looking statements or to explain any material difference between

subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

KINROSS GOLD CORPORATION